Savy Infra IPO receives 4.17 times subscription applications by start of Day 2

Gandhinagar, July 22, 2025 – On Day 2 of Savy Infra & Logistics SME’s IPO, cumulative bids rose to 1.74 crore shares at 10:42 AM-4.17× subscription over the net offer of 41.71 lakh shares. Investor demand was strong in all categories with retail demand almost doubling overnight and healthy participation from both QIBs and NIIs.

Subscription Status as on Day 2 Morning July 22, 2025

Investor enthusiasm remained broad-based, but retail investors took the lead with over 3,285 applications totaling nearly 79 lakh shares, pushing their portion to 1.89x on Day 2 morning. HNIs and NIIs combined pushed their total bid count to over 31 lakh shares, while QIB demand, though already fulfilled, remained unchanged at a strong 64.12 lakh shares.

Price-Wise Bidding Trend

n Day 2 of the Savy Infra IPO – investor demand remained strong across the price band of ₹114-₹120 per share.  At the lower end of ₹114, cumulative bids stood at approximately 1.74 crore shares. The interest held firm with only a gradual decline at higher price points-around 1.737 crore shares were bid at ₹115, 1.7359 crore at ₹116, 1.7356 crore at ₹118, 1.7352 crore at ₹119, and 1.7349 crore shares at the upper end of ₹120. This sustained demand across pricing levels signals robust investor appetite and a potentially strong listing for the SME issue.

This bidding pattern suggests that many investors are willing to pay even at the higher end of the ₹114–₹120 price band, supporting potential full-price discovery.

Key Financials (FY25):

• Revenue: ₹28,339.05 lakh
• Net Profit: ₹2,387.79 lakh
• Net Worth: ₹5,224.61 lakh
• Order Book: ₹230.56 crore
• EPS: ₹16.59
• NAV/Share: ₹34.89

Key IPO Information

Savy Infra and Logistics Ltd’s SME IPO comprises an issue size of ₹58.32 crore, offering 58,32,000 equity shares in the price band of ₹114 to ₹120 per share. Investors can bid in lots of 1,200 shares, requiring a minimum investment of ₹1,44,000 at the upper price band. The IPO is set to close on July 23, 2025, and the shares will be listed on the NSE EMERGE platform.

Outlook

With Day 2 subscription already exceeding 4 times, Savy Infra is drawing intense investor interest. If current momentum continues, retail and HNI categories could witness significant oversubscription by close on July 23. Investors eyeing allotment should plan bids accordingly as competition rises, especially in the retail and NII segments.

Stay tuned for midday and closing updates as demand builds.

About Savy Infra and Logistics Limited

Savy Infra, headquartered in Gandhinagar, Gujarat, is a rapidly growing EPC and logistics company, offering end-to-end earthwork, foundation engineering, and transport solutions to infrastructure, steel, and mining sectors. It follows an asset-light model, leasing equipment and manpower for scalable execution.

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